No chance of early 50p tax cutJump to media playerHousing minister Grant Shapps spoke against the 50p tax rate but said it "had to take its place in the queue" when it came to priorities and there was more likely to be action at the lower end of the tax scale.

Clegg: 50p tax rate should stayJump to media playerDeputy Prime Minister Nick Clegg has said that he would not support calls for the abolition of the 50p tax rate, as it was not a priority when "millions of people on ordinary incomes are struggling to make ends meet".